Author: Benjamin Lee
An under-the-radar altcoin witnessed a mild jump in price on Thursday after the venture capital giant Andreessen Horowitz (a16z) announced it was investing $55 million in the token. Ali Yahya, a general partner at a16z crypto, announced the investment in ZRO, the native token of the omnichain interoperability protocol LayerZero. LayerZero aims to move data across blockchains and support “censorship-resistant messages and permissionless development through immutable smart contracts.” Yahya notes the a16z investment has a three-year lockup. ZRO was trading around $2.33 prior to the announcement and surged to a high of $2.54 around 90 minutes later. The 208th-ranked crypto…
A widely followed crypto analyst says that investors should continue hanging on as we are nowhere near the start of the next crypto bear market. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.66 million YouTube subscribers that the markets are still way too bullish for traders to be thinking about a bear market starting anytime soon, despite the industry taking a “pounding” recently. According to Turner, we’re still very much in Bitcoin (BTC) season as BTC dominance is still on the rise. He notes that when it comes time to flip to altcoin…
The Eastern European country of Belarus is reportedly set to roll out a central bank digital currency (CBDC) by next year. Citing a statement by the National Bank’s chairman of the board, Roman Golovchenko, the state-run news agency Belta reports that the digital form of the Belarusian ruble will be in full circulation by the second half of 2026. Golovchenko says that by that time, business entities will be able to use CBDC – the digital form of the nation’s official currency that is issued and backed by the central bank. The plan is to make the digital rubble available…
A widely followed crypto analyst says that the top crypto by market cap may be on the verge of an explosive breakout. In a new post on Telegram, pseudonymous crypto strategist Crypto Capo tells his 122,005 subscribers that Bitcoin (BTC) may be heading another leg up if the top digital asset by market cap can break through the $85,000 resistance level. “BTC trying to reclaim $85,000 again. That would be a very clear sign of strength and after that, we should see bullish continuation towards the $90,000 levels.” The analyst previously warned Bitcoin may print a dead cat bounce price pattern,…
A closely followed crypto analyst believes one red-hot meme token operating on Solana (SOL) may continue soaring even higher. Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that artificial intelligence (AI)-based Fartcoin (FARTCOIN) may increase by more than 47% from its current value. “Would rather buy higher (break of $1) or lower ($0.70) for Fartcoin. This is either charging up for a big move up to $1.25 or it’s going to pullback, I don’t have a clue where it goes in the short term. What I do know, however, is that this thing is…
Analyst and trader Benjamin Cowen believes Bitcoin (BTC) is primed to continue outperforming altcoins. In a new strategy session, Cowen tells his 892,000 YouTube subscribers that the total market cap of altcoins (Total3) when paired against Bitcoin is going to continue on a downtrend. Total3 is the total market cap of all cryptocurrencies with the exception of Bitcoin and Ethereum (ETH). “…now altcoin/Bitcoin pairs are somewhat flat. I think they’re probably going to spend the next few weeks dropping just like they did last year… “ Source: Benjamin Cowen/X Cowen further says that Bitcoin is likely to continue outperforming altcoins…
The world’s largest crypto exchange platform by trading volume is adding a new layer-1 Ethereum (ETH) rival to its launchpool. In a new announcement, Binance says it’s adding Initia (INIT), a blockchain designed to offer rollups and infrastructure for appchain development, to its launchpool. “Binance is excited to announce the 68th project on Binance Launchpool – Initia (INIT), an L1 blockchain that unites appchains to unlock their full value through interwoven infrastructure and aligned economics.” Binance’s launchpool was started in 2020 and is a platform that allows traders to earn new tokens passively by staking their existing assets. According to its…
Cryptocurrency trader and analyst Ali Martinez is leaning bearish on Solana (SOL) while updating his outlook on Bitcoin (BTC) and Ethereum (ETH). Starting with Solana, Martinez tells his 135,500 followers on the social media platform X that the sixth-largest crypto asset by market cap could fall by up to 48% from the current level if SOL fails to break above the resistance area that lies below the $138 price. “For all we know, Solana might be retesting the breakout zone from a right-angled ascending broadening pattern, with the $65 target still in play.” Source: Ali Martinez/ X Solana is trading…
The CEO and co-founder of the real-world asset (RWA) crypto project Mantra (OM) unveils a plan to bring back community trust following a massive sell-off of the blockchain’s token. On Sunday, the value of the OM token plunged from a high of $6.35 to a low of $0.37, representing a huge drop of 94%. The price meltdown happened after at least 17 wallets transferred 43.6 million OM tokens ($227 million at the time) to crypto exchanges. In posts on the social media platform X, Mantra CEO John Patrick Mullin announces a token support plan that features a buyback and supply…
The South Korean crypto exchange Upbit has announced a new listing for a wallet-focused altcoin, triggering explosive price action. According to a new announcement, Upbit is supporting Wallet Connect (WCT) for trading over the Optimism (OP) network on its platform starting Wednesday. The project, launched in 2018, is a Web3 communications open-source protocol that aims to connect crypto wallets to decentralized applications (DApps) through encrypted connections using QR code scanning and deep linking. “Traditionally, connecting wallets to apps on the blockchain required complex steps, which often discouraged new users and created a fragmented ecosystem. WalletConnect simplifies this by offering a…